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View Diary: 'Let's abolish federal taxes,' say 69 House Republicans (174 comments)

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  •  better... (1+ / 0-)
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    JerryNA

    INCOME from wages, dividends, interest, etc.
    + Net gain (loss) from sales of assets over $5000
    -  all medical expenses
    -  casualty losses
    - 1.5 * poverty level income

    = taxable income
    * US Tax rate = tax due.

    I agree with the poster that every law authorizing spending should include a finance clause that either raises taxes by xx basis points or authorizes borrowing instead.  

    I'm still mad about Nixon.

    by J Orygun on Thu Jan 31, 2013 at 08:59:04 AM PST

    [ Parent ]

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